Majuperak partners Siemens to explore digital grid & distribution opportunities

IN line with the aim to enhance the company’s energy management services under its portfolio, Majuperak Holdings Bhd has signed a memorandum of understanding (MoU) with Siemens Malaysia Sdn Bhd to explore a technology partnership through Siemens Smart Infrastructure operating company.

Through the MoU, Siemens Malaysia, a well-established technology provider in the fields of electrification, automation and digitalisation, will provide Majuperak with products and services from its Siemens Smart Infrastructure operating company.

This consists of its Digital Grid Business Unit comprising e-mobility software, energy efficiency, microgrid, energy dashboard, feeder automation, energy consulting and protection devices, among others.

Meanwhile, Siemens Distribution Systems Business Unit features capabilities such as eMobility charging infrastructure, PV solar inverter systems, medium-voltage switchgear, low-voltage switchboards, motor control centre and busbar trunking systems.

“Embarking on this partnership with Siemens is a significant milestone for us as we continue to enhance our product and service offerings, particularly for our asset & facilities management segment and energy management services,” commented Majuperak’s group CEO Nizran Noordin.

“Leveraging on Siemens’ expertise and proven track record as a world-class technology partner, we are optimistic that this collaboration will enable Majuperak to raise the bar in our energy-related initiatives and explore new opportunities.”

With this collaboration, Nizran foresees a lot of potentials to be tapped for the development of more efficient energy management systems considering that Majuperak’s core business segments encompass property and asset management as well as energy.

“Given the strong emphasis on renewable energy, we are confident that this will unlock value and contribute to MHB’s long-term prospects,” he added.

At the close of today’s morning session, Majuperak was unchanged at 39.5 sen with 289,200 shares traded, thus valuing the company at RM112 mil. – March 10, 2021

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